There is a one in a hundred thousand chance of winning the Christmas Lotto Gordo. A situation that, being remote, is still possible. Opening a whole world of real estate investment possibilities.
The next December 22, luck could smile to some lucky players of the National Lottery. Among your plans, make a great trip, buy a car or a yacht, open a new business, .. are some of the most frequent ideas.
But are they also the most profitable? How about investing in a home? The portal Pisos.com has studied the possibilities offered by the prizes of this traditional raffle in the real estate market.
From buying a house in cash to investing in a property to rent it. Without forgetting the cancellation of a mortgage or the rehabilitation of a property, to make it even more profitable.
A thousand possibilities and the same objective. Take advantage of the profitability of a good investment.
What to do if you play the Christmas Lottery?
Many of those who dream of the Christmas Lottery forget an unexpected guest: Treasury. They usually forget that their prize must be shared with the Treasury.
Since January 2013, games of chance must be taxed. Taking Treasury 20% of all that prize exceeding 2,500 euros.
That is, leaving only those first 2,500 euros, of the 400,000 euros of a tenth of the Christmas Gordo can only enjoy 320,500 euros.
Amount that, according to the ‘Housing Prices’ Report. November 2017 ‘allows to buy two medium-sized homes in Spain. Equivalent to the purchase of two properties of 90 m2 for an average amount of € 1,569 / m2.
An investment of 282,420 euros that still leave room for possible reforms worth 38,080 euros.
Bet on the purchase of a home
Acquiring a home is not only a matter of price, but also of location. The key to making a purchase an investment with guaranteed returns.
Thus, while the Christmas Lottery Gordo allows to buy up to four houses in Castilla La Mancha, other communities give for a lower investment. For example, the Basque Country, the Balearic Islands or Madrid where you can only buy an average home. While investing in Catalonia or Cantabria allows to buy two buildings of medium type.
Among the most exclusive provinces, Guipúzcoa, Vizcaya, Baleares, Madrid or even Girona do not allow investing in more than one average property.
While, to invest in a provincial capital, Barcelona and San Sebastian would force to buy a property below 90 m2. Or to disburse some more money.
In front of cities like Madrid, Bilbao or Palma de Mallorca, where 320,000 euros can be given for an average home.
Residential investment with profitability
The purchase of residential assets is a great investment formula. Especially if you can pay cash.
That is why investing in the purchase of real estate for rent is, in addition to a safe bet, a revalorizable business. Even more so if it is about well-located and totally reformed properties.
With returns of up to 7.1% in homes, 7.7% in offices and 8.3% in commercial premises, investing for rent allows you to multiply the money month by month.
From 1,245 € / m2 per month of a house in the Community of Madrid to 1,550 € / m2 per month of a property in the city of Barcelona. Which bank offers similar profitability?
Certainly there is no competition. Especially if we consider a context like the current one. With low interest rates and a high demand for housing for rent.
Cancel the mortgage or continue paying it?
Lastly, winning the National Lottery can also allow you to get rid of a portion of your debts.
According to the National Institute of Statistics, the average mortgage in Spain is 123,649 euros. An amount that, with the Gordo and not counting expenses of mortgage cancellation, would allow to have still dispose of 196.851 euros.
A perfect amount for the purchase of a new home and its subsequent reform. Eliminating the mortgage and making the new investment profitable in a form of monthly rent.
What can you find in Oi Realtor?
If luck has given you an opportunity, Oi Realtor wants you to take advantage of it to multiply your profit.
Fifty homes between 300,000 and 320,000 euros in all kinds of locations.
From homes on the Costa Brava of Girona or the coast of Maresme, to properties on the Costa Dorada of Tarragona, or in the heart of Sitges. In front of the sea.
Without forgetting the excellent portfolio of buildings that Barcelona, ??Sant Cugat or Baix Llobregat can boast.
Authentic real estate luxury!
